Kinsale Capital Group (KNSL) Tops Q1 EPS by 30c

Kinsale Capital Group (NASDAQ: KNSL) reported Q1 EPS of $1.11, $0.30 better than the analyst estimate of $0.81.

“Results for 2021 are off to a good start, reflecting the strength of our dynamic business model and favorable tail winds in the excess and surplus lines market. Our business continues to run on all cylinders with an increase in premiums of over 36% during the quarter and a combined ratio of 80%. Further, we efficiently deployed capital from our recent equity offering to take advantage of these attractive growth opportunities in the E&S market and achieved an annualized operating return on equity of 17.6% for the first quarter of 2021. We remain as committed as ever to exercise underwriting discipline and cost containment by leveraging the effective use of technology and our industry expertise,” said President and Chief Executive Officer, Michael P. Kehoe.

For earnings history and earnings-related data on Kinsale Capital Group (KNSL) click here.

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